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Xu Jiayin Evergrande

Evergrande Sells Four Mainland Projects to State Firms to Pay Down Debt

Xu Jiayin Evergrande

2022/02/28 by Christopher Caillavet Leave a Comment

China Evergrande has sold off its remaining stakes in four real estate projects to state-controlled companies, allowing the world’s most indebted developer to recover RMB 1.95 billion ($310 million) of its capital contribution and settle liabilities in excess of RMB… Read More>>

China Evergrande has sold off its remaining stakes in four real estate projects to state-controlled companies, allowing … Read more>>>

ESR-REIT chief executive Adrian Chui

ESR-REIT and ARA Logos Logistics Trust Managers Set 21 March Date for Merger Vote

ESR-REIT chief executive Adrian Chui

2022/02/27 by Christopher Caillavet Leave a Comment

The managers of ESR-REIT and ARA Logos Logistics Trust (ALOG) have set 21 March as the date for ALOG’s unitholders to vote on the Singapore-listed trusts’ proposed merger, with executives laying out the case for the deal to investors on… Read More>>

The managers of ESR-REIT and ARA Logos Logistics Trust (ALOG) have set 21 March as the date for ALOG’s unitholders to … Read more>>>

George Hongchoy, Executive Director & CEO, Link REIT

Link REIT Puts Hong Kong’s Stanley Plaza on the Market Despite Pandemic

George Hongchoy, Executive Director & CEO, Link REIT

2022/02/24 by Christopher Caillavet Leave a Comment

Link REIT has put its Stanley Plaza shopping centre up for sale, even as an unprecedented surge in COVID-19 cases clouds the retail outlook in Hong Kong.

Asia’s largest real estate investment trust received an unsolicited expression of interest from… Read More>>

Link REIT has put its Stanley Plaza shopping centre up for sale, even as an unprecedented surge in COVID-19 cases clouds … Read more>>>

Jason Lee, Managing Director, CIO and Senior Portfolio Manager, APAC, AEW

AEW Selling Office Tower in Singapore’s Raffles Place To Kajima For $213M

Jason Lee, Managing Director, CIO and Senior Portfolio Manager, APAC, AEW

2022/02/23 by Beatrice Laforga Leave a Comment

Global fund manager AEW is selling a 16-storey office block in Singapore’s Raffles Place to a unit of Japanese construction and real estate firm Kajima Corp for S$286.9 million ($213.4 million), as global investors continue to target Singapore office assets.

… Read More>>

Global fund manager AEW is selling a 16-storey office block in Singapore’s Raffles Place to a unit of Japanese … Read more>>>

sukanto-tanoto-tf

Indonesian Tycoon Buying Singapore’s Tanglin Shopping Centre for $645M

sukanto-tanoto-tf

2022/02/23 by Christopher Caillavet Leave a Comment

A company owned by the family of Indonesian lumber tycoon Sukanto Tanoto has acquired the Tanglin Shopping Centre in Singapore’s Orchard Road area at a 10 percent premium over the reserve price in the asset tender, as commercial properties in… Read More>>

A company owned by the family of Indonesian lumber tycoon Sukanto Tanoto has acquired the Tanglin Shopping Centre in … Read more>>>

Stan Tang

Family of Late ‘Shop King’ Selling Kowloon Industrial Building for $94M

Stan Tang

2022/02/22 by Pawara Laothamatas Leave a Comment

The family of Hong Kong’s late “Shop King” Tang Shing-bor is taking advantage of the city’s booming industrial market to raise cash, adding a 15th major asset to the clan’s series of disposals in the last seven months with the… Read More>>

The family of Hong Kong’s late “Shop King” Tang Shing-bor is taking advantage of the city’s booming industrial market to … Read more>>>

Huang Xianzhi Zhenro

Zhenro Asks Bond Creditors Not to Sue as Developer Crisis Continues

Huang Xianzhi Zhenro

2022/02/21 by Christopher Caillavet Leave a Comment

Zhenro Properties, a top 30 Chinese developer by contracted sales, jolted investors late last week with the news that it was asking holders of a $200 million bond due in March to refrain from default claims as the company deals… Read More>>

Zhenro Properties, a top 30 Chinese developer by contracted sales, jolted investors late last week with the news that it … Read more>>>

Victor Cha

HKRI Selling Tokyo Multi-Family Assets for $30M

Victor Cha

2022/02/20 by Christopher Caillavet Leave a Comment

Hong Kong developer HKR International has agreed to sell two Tokyo residential buildings for JPY 3.49 billion ($30 million), adding to a string of recent property disposals by HKRI in Japan.

The properties are a seven-storey, 22-unit building called Souei… Read More>>

Hong Kong developer HKR International has agreed to sell two Tokyo residential buildings for JPY 3.49 billion ($30 … Read more>>>

Brod Storie PAG

PAG Gets $50M Pledge From Texas Pension Manager for Third Pan-Asian Real Estate Fund

Brod Storie PAG

2022/02/17 by Christopher Caillavet Leave a Comment

PAG has secured a $50 million capital commitment from the Employees Retirement System of Texas for the Hong Kong private equity firm’s third pan-Asian core-plus/value-add real estate fund.

The pledge to PAG Real Estate Partners III was disclosed in a… Read More>>

PAG has secured a $50 million capital commitment from the Employees Retirement System of Texas for the Hong Kong private … Read more>>>

PropertyGuru Plans Expansion After NYSE SPAC Debut Next Month

2022/02/17 by Beatrice Laforga Leave a Comment

Singapore-based PropertyGuru is set to complete its listing on the New York Stock Exchange next month despite widening net losses, with the online marketplace operator planning to use the proceeds of the share sale to expand its fintech business and… Read More>>

Singapore-based PropertyGuru is set to complete its listing on the New York Stock Exchange next month despite widening … Read more>>>

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